China Fines PwC $62 Million for Botching Its Work for Evergrande
Authorities also imposed a six-month suspension on the local operations of the global firm, which was once one a dominant auditing firm in China.
PwC China Hit With Six-Month Ban Over Evergrande Crisis
Chinese regulators said the firm failed to maintain professional skepticism for its work related to the country’s recent real-estate bust.
China hands PwC a 6-month ban and fine over audit of the collapsed developer Evergrande
Chinese authorities have banned the accounting firm PwC for six months and fined it over $56 million for its involvement in the audit of collapsed local property developer Evergrande.
PwC Probe Spotlight Shifts to Hong Kong After Record China Fine
The focus of a lengthy probe into PricewaterhouseCoopers LLP’s China business now shifts to Hong Kong after the accounting firm was hit with a record fine in the mainland over its audit of failed developer China Evergrande Group.
China hits PwC with six month ban and large fine in record penalty over Evergrande audit
By Julie Zhu and Xie Yu HONG KONG (Reuters) -Chinese regulators hit PwC's mainland China unit with a six-month suspension and a record fine of 441 million yuan ($62 million) on Friday over the firm's audit of failed property developer China Evergrande Group.
China fines PwC $62 million for its role in the Evergrande collapse
Chinese regulators have hit PwC’s auditing unit in mainland China with a six-month business suspension and a record fine of 441 million yuan ($62 million) over the firm’s audit of troubled property developer China Evergrande Group.
China Levies Record Penalty on PwC Over Evergrande Fraud
China halted some of PricewaterhouseCoopers LLP’s business for six months for its role in auditing China Evergrande Group.
China Imposes Fines, Six-Month Ban on PwC Over Evergrande Illegal Auditing Work
China's Ministry of Finance on Friday imposed an administrative penalty of 116 million yuan (about 16.35 million U.S. dollars) and a six-month business suspension on PricewaterhouseCoopers (PwC), a global accounting firm,
China cracks down on PwC, slaps $62.2 million fine, six-month ban over evergrande audit fiasco
In a dramatic escalation of its crackdown on financial misconduct, Beijing has unleashed a severe penalty on the illustrious accountancy firm PricewaterhouseCoopers (PwC). The firm has been slapped with a staggering $62.
The Economist1d
PwC needs to rethink its global governance
The firm, which now goes by PwC rather than PricewaterhouseCoopers, at least spares Edwin’s memory the indignity of having ...
Benefits Pro3d
PwC mandates more office time, tracks employee location data
PwC will require its employees in the United Kingdom to spend at least three days a week with clients or in the office.
Accenture Stock Drops as Consultancy Firm Delays Staff Promotions
Accenture shares lost ground following reports that the professional services firm will postpone staff promotions as it ...
Taking account of an accounting shortage in Iowa as government, business struggle to hire
Iowa and the nation are experiencing a shortage of accountants — one that could imperil governments and businesses alike ...
Death of young Ernst & Young employee raises questions about workplace culture
Indian authorities are investigating the work environment at Ernst & Young after the death of a 26-year-old employee whose mother said she was overworked.
Film Financier Productivity Media Suspends CEO Amid Money Probe (Exclusive)
The backer of indie films, including the buzzy 'Day of the Fight,' has brought in PricewaterhouseCoopers to look at its books ...
PricewaterhouseCoopers Fires 1,800 Employees In US In 1st Major Layoff Since 2009
PricewaterhouseCoopers (PwC) is set to lay off approximately 1,800 employees in the United States, marking its first major ...
Medexus Holds Annual Meeting of Shareholders and Announces Election of Directors
Medexus Pharmaceuticals (TSX: MDP) (OTCQX: MEDXF) today held its virtual annual meeting of shareholders. Medexus shareholders ...